Housing Market Cooling Off? Construction Slows, Layoffs Spike June 2025 Market Update
In this brief market‑update video, the speaker outlines several converging signs that the U.S. housing and labor markets are losing momentum. Construction spending fell in April as high interest rates and an oversupply of single‑family homes dampened activity. Mortgage demand slipped 3.9% in the prior week, reflecting borrower sensitivity to rates. Unsold home inventory rose 33% year‑over‑year, with listings now outpacing buyer demand and sales cycles lengthening. While job openings rose in April, layoffs surged—the biggest increase in nine months—signaling a cooling labor market. ADP reported only 37,000 new private jobs in May, the weakest figure since March 2023, and initial unemployment claims jumped to 247,000, the highest level since October. The speaker concludes that these data points collectively point to a slowdown in both housing and broader economic activity, and ends with a call‑to‑action to like, share, or contact the team.
